
Adam Gągol
@GagolAdam
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CEO @cardinal_hq. Building Blanksquare - crypto privacy middleware enabling secure, anonymous transactions. Passionate about tech, cautious about hype
Kraków
Joined October 2018
"I have nothing to hide" is a brain-dead take. Privacy isn't about having something to hide, it's about having a life you don't want others to exploit. And thinking that financial data is some sort of exception here is just next-level stupid.
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When a block producer censors a transaction, a payment provider bullies a merchant, or a friend pressures you for "angel round" after seeing your wallet - they are all exerting control based on data they shouldn't have. This is the most underdebated benefit of financial privacy.
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Is there a conference with more forward-thinking talks than @ETHWarsaw? I don’t know, talks are overrated anyway. The most valuable part of any conference is the hallway track. Talks, built for broad audiences, rarely go deep. But the signal and feedback you get from random chats
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Over 16 years vegetarian, I saw more energy spent policing my choices (like eggs) than persuading meat-eaters to eat less. Purity over first steps is counterproductive. Blockchain privacy debate feels the same: fixating on “hardcore” over UX and tradeoffs that drive adoption.
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One of the underrated metrics in crypto is clicks-to-privacy. The team that gets this number closest to one wins the adoption race.
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Goal: private by default. Unfortunate reality: commit to a privacy wallet or leak information - immediate exits from shielded pools gives near zero privacy, delaying withdrawals kills one-off UX. We need a one-shot private action that’s easy to initiate and just works.
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I sat down with @CryptoWendyO to discuss our plans for Blanksquare, go-to-market, and general privacy in web3. Lesson from my cam failure: privacy is something you want to control, not always maximize.😅 Check out the conversation:
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For too long, on-chain privacy has been complex and slow, limiting it to advanced users. We just made it fast and simple for @base users, check it out here:
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@davecraige None of the mixers Grok listed had any fraud-protection. They all laundered illicit funds, and fraudulent deposits were only spotted after the fact, with absolutely no way to stop, reverse, or unmask them. That wave of permissive privacy protocols was a mistake. The answer isn’t
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@davecraige Sure, they are not the same thing. And while money laundering undeniably happened, what Dragonfly invested in, and what I believe Roman Storm was building, was financial privacy. From today's perspective, it's easy to see how naive that early iteration was. But the answer isn't
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Supporting the principle of financial privacy should not be seen as anything controversial - it's a commitment to building a better internet. The focus should be on how we can build and invest in this technology responsibly, not on creating a climate of fear that discourages
Dragonfly invested into PepperSec, Inc., the developers of Tornado Cash, in August of 2020. We made this investment because we believe in the importance of open-source privacy-preserving technology. Prior to our investment, we obtained an outside legal opinion that confirmed that
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GPT Agents just dropped. Soon similar tools will digest every on-chain move that isn’t cryptographically protected, connect dots humans miss, and reason over entire transaction histories. Think unfair competitive intel, personal profiling, even blackmail. Privacy isn’t a niche
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Privacy on‑chain shouldn’t feel like an optional add‑on. It’s the seat belt of Web3, barely noticed when it works, painfully missed when it doesn’t. With Blanksquare we’ll be stitching the belt into every car on the road, not not reserving it for our new model only.
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Transparency is great for trust, but public ledgers expose user data like nothing before. We need shielded pools that protect everyday users while still thwarting illicit behavior. Accountability + privacy = mass adoption.
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